Joseph E. Antonini Explained

Joseph E. "Joe" Antonini
Nationality:American
Birth Date:July 13, 1941
Occupation:Businessman

Joseph E. "Joe" Antonini (born July 13, 1941)[1] is a businessman who is best known for being a former CEO of Kmart.

Early career

Joseph Antonini was a retail manager at Kresge's on Union Road in Cheektowaga, New York in the late 1960s. Kresge's, a five and dime operation, eventually became Kmart and Antonini continued working for the organization.

Education

Antonini attended high school at Morgantown High School.[2]

Kmart

Antonini became chairman in 1984 and CEO of Kmart in 1987.[3] In 1990 Kmart began a major restructuring and remodeling effort while competing against Walmart, resulting in financial difficulties for Kmart. In February 1990, when Kmart announced its refurbishing program, plans were to close and relocate about 300 Kmart stores, to expand about 620 stores, and to remodel the remaining 1,250 stores. Another 150 stores were to be closed within five years.[4] Antonini resigned from Kmart in 1995.[5]

Notes and References

  1. Web site: ATTENTION, K MART SHOPPERS JOSEPH E. ANTONINI b. JULY 13, 1941. Fortune Magazine. December 31, 2019.
  2. Web site: MHS Distinguished Alumni – Morgantown High School . 2022-10-22 . mohigans.mono.k12.wv.us . en-US.
  3. News: Kmart Chief, Under Siege, Resigns Post. The New York Times . March 22, 1995 . Strom . Stephanie .
  4. News: Kmart Earnings. The New York Times . March 22, 1995 . Strom . Stephanie .
  5. Web site: Kmart CEO Antonini Resigns : Price of Stock Jumps 8% on News of Ouster . Los Angeles Times . March 22, 1995 . June 21, 2015 . White, George.